AntonToo
Diamond Member
- Jun 13, 2016
- 35,250
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/--- Making up numbers again. It's what Libs do best:BUT BUT BUT Libtards laughed when Republicans said higher minimum wages will drive up food costs.
Restaurant diners are footing the bill for rising minimum wages.
In lieu of steep menu price increases, many independent and regional chain restaurants in states including Arizona, California, Colorado and New York are adding surcharges of 3% to 4% to help offset rising labor costs. Industry analysts expect the practice to become widespread as more cities and states increase minimum wages.
Wendy's installing self-ordering kiosks in 1,000 restaurants
US retail sales rise in January, led by gas and restaurants
What does 'A Day Without a Woman' mean for restaurants?
“It’s the emerging new norm,” said Sharokina Shams, spokeswoman for the California Restaurant Association. She said California restaurants are adding surcharges as the state lifts the minimum wage every year until it reaches $15 an hour by 2023. It is currently at $10.50 an hour for employers with 26 or more workers.
Restaurants are adding labor surcharges to help offset minimum wage increases
Oh my, 3-4% price increase?
How will America survive such onslaught from decent paying jobs?
A $3 hamburger now costs $3.09
We need to enforce low wages to protect against a nine cent increase in the cost of a hamburger
Study Showing 15-Dollar-an-Hour Fast-Food Wages Would Raise Prices by Only 4 Percent Is Very Wrong
Labor accounts for a quarter to a third of the average fast-food restaurant’s costs. Currently, wages in the fast-food industry run around $9 an hour. Going to $15 an hour means increasing pay by over 50 percent. Prices would have to rise by at least one-sixth (50 percent multiplied by one third) to cover the base-wage increases. Of course, those price increases would drive some customers away, so restaurants would need to raise prices again. But as a baseline, prices would have to rise by at least one-sixth. The Purdue study finds price increases an order of magnitude smaller. It does so by making a basic math error. The Purdue researchers got their data from the National Restaurant Association’s (NRA) 2014 operations report. The report surveys restaurants and shows how much the median restaurant spends on various expenses, such as payroll, food, marketing, etc. The Purdue researchers added those figures to derive the balance sheet of the typical fast-food restaurant. Mathematically, however, medians do not work that way. Average values will add to the overall sum, but medians typically do not. The preface of the NRA Operations Report emphasizes in highlighted text that researchers cannot add median values to get overall expenses. Nonetheless the Purdue researchers did exactly that.
Read more at: Study Showing 15-Dollar-an-Hour Fast-Food Wages Would Raise Prices by Only 4 Percent Is Very Wrong
Dumbass, I'm not making anything up, I'm DIRECTLY QUOTING YOUR OP:
In lieu of steep menu price increases, many independent and regional chain restaurants in states including Arizona, California, Colorado and New York are adding surcharges of 3% to 4% to help offset rising labor costs.